Standing charges rip off

kokolino23

Hello,
How come Aveo can charge us £0.48 per day (electricity) and £0.28 (gas) daily standing charge ?! That double compared to March. Surely this shouldn't have anything to do with the recent energy increase, they're using the same bloody grid as before ?! There is a different standing charge depending on where we live as well. 
Some companies are allowed to fill your pockets just because they're in this energy industry while the consumers can't do anything about it!

Ultrasonic

It's not a rip-off.

https://forums.moneysavingexpert.com/discussion/6339555/mse-update-why-has-the-standing-charge-for-electricity-nearly-doubled#latest

kokolino23

Ultrasonic said:

It's not a rip-off.

https://forums.moneysavingexpert.com/discussion/6339555/mse-update-why-has-the-standing-charge-for-electricity-nearly-doubled#latest

Thanks for the link, I'm not convinced by their explanation but what else can we do ?! They can play their cards as they want and we have to accept it.
French only had a 4% increase and UK who praises itself having renewable energy increased it by 54%.

D924

Absolute rip off indeed. They're probably quite aware people are going to be drastically reducing their comfort to reduce consumption at these unit rates and need a way to keep filling their pockets even with lower demand.

Tranboy

French have bucketloads of Nuclear power stations generating many Megawatts of electricity.  Thank Edf for spending lots of our money building them.

kokolino23

D924 said:

Absolute rip off indeed. They're probably quite aware people are going to be drastically reducing their comfort to reduce consumption at these unit rates and need a way to keep filling their pockets even with lower demand.

No energy company went busted recently so the customers moved over shouldn't be that many. If there is a cost for that...I'm not convinced. To double the standing charge cost just for maintaining the same energy grid looks like a rip off to me. Only because they can and the government doesn't care, they live in a parallel world.

Thrugelmir

kokolino23 said:

Ultrasonic said:

It's not a rip-off.

https://forums.moneysavingexpert.com/discussion/6339555/mse-update-why-has-the-standing-charge-for-electricity-nearly-doubled#latest

French only had a 4% increase and UK who praises itself having renewable energy increased it by 54%.

Only part of a much bigger picture. EDF is being forced to buy in and sell electricity at a loss. Causing the French Government to step in and bail the company out. Taxpayers ultimately foot the bill.  Magic money trees remain in short supply. Macron is fighting a Presidential election as well. Politicians renowned masters of deception. 

GingerTim

kokolino23 said:

D924 said:

Absolute rip off indeed. They're probably quite aware people are going to be drastically reducing their comfort to reduce consumption at these unit rates and need a way to keep filling their pockets even with lower demand.

No energy company went busted recently so the customers moved over shouldn't be that many. If there is a cost for that...I'm not convinced. To double the standing charge cost just for maintaining the same energy grid looks like a rip off to me. Only because they can and the government doesn't care, they live in a parallel world.

???

Millions of customers were moved to new suppliers under the SOLR scheme since last autumn - we are all going to be paying for that for some time to come.

Ultrasonic

kokolino23 said:

D924 said:

Absolute rip off indeed. They're probably quite aware people are going to be drastically reducing their comfort to reduce consumption at these unit rates and need a way to keep filling their pockets even with lower demand.

No energy company went busted recently so the customers moved over shouldn't be that many. If there is a cost for that...I'm not convinced. To double the standing charge cost just for maintaining the same energy grid looks like a rip off to me. Only because they can and the government doesn't care, they live in a parallel world.

As above, several companies went bust, and the costs are not purely for migrating accounts but also the fact that the new companies were forced to sell energy for less than it cost them. This is nothing to do with the energy companies trying to make more money.

pochase

Every seventh household in UK was affected by an energy company going bust in the last 12 months, over 4 million of 27.8 million households (ONS for 2020) were affected by this.

That is 27 companies since August last year.

Energy Supplier	Date Supplier Went Bust	No. of Customers		New Supplier
Together Energy (inc Bristol Energy)	18/01/2022	176,000	British Gas
Zog Energy	01/12/2021	11,700	EDF Energy
Orbit Energy	25/11/2021	65,000	Scottish Power
Entice Energy	25/11/2021	5,400	Scottish Power
Bulb Energy	22/11/2021	1,700,000	Special Administration Process
Social Energy Supply	16/11/2021	5,500	British Gas
Neon Reef	16/11/2021	30,000	British Gas
CNG Energy	04/11/2021	41,000 (Business)	Pozitive Energy
Zebra Power	02/11/2021	14,800	British Gas
Omni Energy Ltd	02/11/2021	6,000	Utilita
Ampoweruk Ltd	02/11/2021	600 + 2000 (Business)	Yu Energy
MA Energy	02/11/2021	300 (Business)	SmartestEnergy
Bluegreen Energy	02/11/2021	5,900	British Gas
GOTO Energy	18/10/2021	22,000	Shell Energy
Daligas	14/10/2021	9,000	Shell Energy
Pure Planet	13/10/2021	235,000	Shell Energy
Colorado Energy	13/10/2021	15,000	Shell Energy
Igloo Energy	29/09/2021	179,000	E.ON
Symbio Energy	29/09/2021	48,000	E.ON
ENSTROGA	29/09/2021	6,000	E.ON
Avro Energy	22/09/2021	580,000	Octopus Energy
Green	22/09/2021	255,000	Shell Energy
Utility Point	14/09/2021	220,000	EDF Energy
People's Energy	14/09/2021	350,000	British Gas
PFP Energy	07/09/2021	80,000	British Gas
Money Plus Energy Ltd	07/09/2021	9,000	British Gas
Hub Energy	09/08/2021	6,000	E.ON

[Deleted User]

I wouldn’t call the new rates a rip off as the companies wouldn’t get away with that but they are going to slap harder than Will Smith. Especially people like me currently paying 25p SC a day. 

What can we do. Either pay it or get the candles out.